July 2019

Homebuyers to get new mortgage incentive, Home Buyer’s Plan boost under 2019 budget

Posted on Jul 15, 2019

Home Buyer's Plan gets a boost
As was widely anticipated, the government would also enhance the Home Buyer’s Plan (HBP), which currently allows first-time buyers to take out up to $25,000 from their registered retirement savings plan (RRSP) to finance the purchase of a home, without having to pay tax on the withdrawal. The budget proposes raising th...

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